lookin for the ellipse to add to shorts if it holds then target is around 143.20s

Auslanco - GBP/JPY and GBP/USD (newstrade)

closed under the blue line 143.50s is close

Auslanco - GBP/JPY and GBP/USD (newstrade)

price hit the 38.2 where i put the ellipse and started dropping we will see if theres enough momentum to break the lower blue line and head lower like i said yesterday i hope people are finding these useful i usually dont do this since im too busy ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

bounce from lower line and 61.8 like i said earlier we should reach the first ellipse so a short from there isnt such a bad idea second ellipse should give an opportunity too beyond that and i start changing my mind about this down move

Auslanco - GBP/JPY and GBP/USD (newstrade)

so far we hit 144.57 which is a few pips short of my 144.50 that i called earlier expecting consolidation around here at the lower blue line and the 61.8 thats in the same area. we might even see a decent retracement a break of this and we target ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

we might see some consolidation around here as this area was previous support/resistance and now support again a break of this and we should reach 144.50s then a move up from there is possible but watching action around that level is better coz if ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

just an update to my earlier chart short from 145.90 price tried the black fork 2 times after i drew it lots of resistance with fibos and previous support im lookin for support anywhere between 144.90s and 145.20s i dont care much for exact numbers ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

lookin for cable to get to the top red line then ill watch for action there/short with a small stop if that breaks then im lookin for the intersection of the black fork and the blue upper line which happens to be the most recent top. the coral line ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

new black fork containing price so far and giving resistance also 61.8 and 50 if we break the top black line and close above the fibos then its game over otherwise well it might come down

Auslanco - GBP/JPY and GBP/USD (newstrade)

double top on the 5 min a close under the upsloping fork and we should see a move down/some ranging conditions then asia will decide on what happens next breaking the top and we continue the retracement

Auslanco - GBP/JPY and GBP/USD (newstrade)

tested the ellipsed area twice couldnt break its getting close. we should see a move anytime soon. whether up or down

Auslanco - GBP/JPY and GBP/USD (newstrade)

its all good this market should drown us with opportunities in the short term and maybe medium term depending on what the hell new prices and levels we might see.

Auslanco - GBP/JPY and GBP/USD (newstrade)

cable needs to break above the ellipse before any bulls come back looks bearish but wll have to wait and see gonna short here with a tight stop and a decent target (the lower lines)

Auslanco - GBP/JPY and GBP/USD (newstrade)

gonna try my luck with a short around 144.50s if we get there target 143.70s but will keep some in case equities are tanking i hope people are enjoying my charts and posts. maybe even learning some stuff from them

Auslanco - GBP/JPY and GBP/USD (newstrade)

broke the blue fork which price need to hold in order for bulls to somehow come back but that doesnt mean a retracement wont happen price retested the area where blue red and gold intersect around 144 if it breaks higher we go to the thin blue ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

yea the high volume bar that couldnt even close away from its open by itself was screaming further down pressure almost at first target 144 if we get to 142.50 then i expect a bounce towards 143 and most likely higher to 143.50s or so then its a ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

thanks man learned a while ago that range bars are a very good way of charting especially since it eliminates the time factor and ive done real good since i started using them

Auslanco - GBP/JPY and GBP/USD (newstrade)

if black fork goes i ellipsed the targets

Auslanco - GBP/JPY and GBP/USD (newstrade)

went short at 144.86 will add if it reaches 145.30s-50s it looks really bearish so i didnt wanna miss anything in case it starts dropping

Auslanco - GBP/JPY and GBP/USD (newstrade)

145.30s-40s would make for a nice short and the top of the flag if we get there

Auslanco - GBP/JPY and GBP/USD (newstrade)